CATL joins hands with Indonesian companies to jointly develop power battery industry chain projects worth nearly US$6 billion

CATL cooperated with Indonesia's ANTAM and IBI to jointly invest nearly US$6 billion in the construction of a power battery industry chain project. The project covers nickel mining, battery material production, battery manufacturing and battery recycling. This cooperation will not only help CATL expand its global market, but will also promote the development of Indonesia's electric vehicle industry.